Why Britain can’t afford a meltdown in the Irish economy
Published 18/11/2010 | 08:02
IT may seem strange that London has volunteered to help shoulder the cost of any Irish bailout when Britain has remained resolutely outside the eurozone.
But there is no other European country that stands to lose more if Ireland’s economic problems worsen or the banking sector collapses.
While we often chaff at our larger neighbour’s indifference to Irish matters, it is not also appreciated just how large a role Ireland plays in British commercial life.